TY  - JOUR
TI  - The Relationship Among Fiscal Deficit, Stock Market, and Money Supply: Empirical Evidence for Turkey
AB  - The objective of this paper is to examine the asymmetric relationship among fiscal deficit, stock market,and money supply in Turkey for the period between January 2006 and September 2019 by utilizing nonlinear autoregressive distributed lag (NARDL) methodology. Our findings demonstrate that while positivechanges in share price affect fiscal deficit significantly and symmetrically in the long-run, in the short-runonly negative changes in share prices influence fiscal deficit asymmetrically. Fiscal deficit does not seemto have significant impact on share prices neither in long- nor short-run. Finally, money supply is affectedfrom both decrease and increase in share prices symmetrically and negatively in the short-run. Neitherchanges in fiscal deficit nor share price have significant influence on money supply in the long-run. Thefindings of this study provide valuable inputs for the investors in stock market and policy makers.
AU  - UGURLU YILDIRIM, ECENUR
DO  - 10.15659/3.sektor-sosyal-ekonomi.20.04.1331
PY  - 2020
JO  - Üçüncü Sektör Sosyal Ekonomi
VL  - 55
IS  - 2
SN  - 2148-1237
SP  - 828
EP  - 841
DB  - TRDizin
UR  - http://search/yayin/detay/388077
ER  -